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Jun 21, 2013
06/13
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the 350-point plunge comes just as the government says the economy is getting better. everything from housing to jobs, to consumer spending, all showing improvement. so, why would wall street run scared from such good news? experts say, it's all because fed chair ben bernanke, basically our country's banker in chief, now wants to take the training wheels off our economy. saying because things are looking up, it's time to dial back on trillions of dollars the fed's been pouring into the markets. >> we've had training wheels on for quite some time now. and now, we're getting word that they're going to have to come off slowly. and we have to see if we can ride this bike on our own. >> reporter: but riding without that help means the cost of borrowing money to do everything from buying a house to starting a business is going up. and that spooks the stock market. and staying on that training wheels theme, traders here on wall street aren't afraid we're going to crash into a wall when the wheels come off. what they're concerned about is things could get wobbly. that means un
the 350-point plunge comes just as the government says the economy is getting better. everything from housing to jobs, to consumer spending, all showing improvement. so, why would wall street run scared from such good news? experts say, it's all because fed chair ben bernanke, basically our country's banker in chief, now wants to take the training wheels off our economy. saying because things are looking up, it's time to dial back on trillions of dollars the fed's been pouring into the markets....
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. >>> another important update on the health of the economy. the june jobs report. u.s. employers added 195,000 jobs in june, much stronger than expected, and a sign that the economy is likely to strengthen ahead. unemployment stays at 7.6%. >>> and continuing the good news streak, for commuters in san francisco bay area. trains will now be rolling again in time for the evening ride home. overnight, bay area rapid transit workers called off a 4-day-old strike, saying the contract has been extended for another 30 days. >>> and the parents of the teen girls who were so seriously injured in a parasailing crash on monday, now say both young women are showing signs of improvement. abc's john muller has the detail. >> you're in a state of shock. i mean, this is vacation. it's supposed to be fun. >> reporter: for the very first time, the parents of two 17-year-old indiana girls critically injured in a parasailing accident are speaking out. >> that day, the scene, so chaotic. we didn't know what was happening. >> reporter: on monday, alexis fairchild and sidney good, best friend
. >>> another important update on the health of the economy. the june jobs report. u.s. employers added 195,000 jobs in june, much stronger than expected, and a sign that the economy is likely to strengthen ahead. unemployment stays at 7.6%. >>> and continuing the good news streak, for commuters in san francisco bay area. trains will now be rolling again in time for the evening ride home. overnight, bay area rapid transit workers called off a 4-day-old strike, saying the...
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May 15, 2013
05/13
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. >> a surprising headline impacting the economy after a u.s. budget surplus in april, this year's government deficit is expected to shrink far more quickly than we thought coming in roughly $200 billion lower than expected thanks to spending cuts, tax increases and higher payments from mortgage giants fannie mae and freddie mac. but some do worry this may actually hurt the economy because it may tempt congress to delay a long-term budget deal. >>> and a controversial new recommendation may have you thinking twice the next time you order another drink at dinner. the national transportation safety board is now pushing states to lower the blood alcohol level that qualifies as impaired from 0.08% to 0.05%. that for an average woman means two glasses of wine during an hour instead of three. the restaurant industry opposes the change. it says targeting extreme drinkers would be more effective to reduce crashes. >>> and a crisis could be brewing in the coffee industry and it could hit you hard in the wallet, as well. a function gus plaguing the coffee
. >> a surprising headline impacting the economy after a u.s. budget surplus in april, this year's government deficit is expected to shrink far more quickly than we thought coming in roughly $200 billion lower than expected thanks to spending cuts, tax increases and higher payments from mortgage giants fannie mae and freddie mac. but some do worry this may actually hurt the economy because it may tempt congress to delay a long-term budget deal. >>> and a controversial new...
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Aug 19, 2013
08/13
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will head to upstate new york and pennsylvania where he'll continue his campaign stump speeches on the economy. >>> and a couple of surprises at the box office this weekend. "the butler" is the top earner with $25 million. meanwhile, the comedy "we're the millers," second, with nearly 18 million. "elysium" third, noticeably absent from that list, "jobs." >>> and a ferrari just set a world record, not in speed. now the most expensive car ever sold at a public auction, 1967 ferrari, 275 spyder, only ten built. sold for a cool $27.5 million. it went to a canadian fashion mogul. the former owners, this is the great part of this story, say that all proceeds are going to charity. good for them. >> that's great. makes it even sweeter. she sure is pretty. thank you, josh. >>> we turn now to oscar pistorius, as expected he has been indicted on charges of murder for the shooting death of his girlfriend. this morning in africa, abc's rob nelson is in pretoria for us this morning. good morning to you, rob. >> reporter: good morning, lara. he is an olympic sprinter, a paralympic gold medalist and one of so
will head to upstate new york and pennsylvania where he'll continue his campaign stump speeches on the economy. >>> and a couple of surprises at the box office this weekend. "the butler" is the top earner with $25 million. meanwhile, the comedy "we're the millers," second, with nearly 18 million. "elysium" third, noticeably absent from that list, "jobs." >>> and a ferrari just set a world record, not in speed. now the most expensive car...
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Dec 27, 2013
12/13
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. >>> and we turn now to the economy. this is the end of the road for 1.3 million americans receiving unemployment benefits. tomorrow, they will lose those benefits because that's when the emergency program approved by congress during the recession runs out. ending benefits after 26 weeks. critics argue this is going to hurt the economy. others say, with the unemployment rate falling, it is time to scale back benefits. >>> from pain on main street to gains on wall street. the recent news about jobs helped stocks soar to another record high on thursday. the 50th record set this year. one of the big winners, twitter. shares have soared 182% since they first went on sale last month. twitter is now worth -- check this out -- $40 million. that's more than target. more tan time warner cable. even though twitter has yet to turn a profit. tells you something. >>> delta, by the way, the latest airline to mistakenly post rock-bottom airfares online. a computer glitch had tickets selling for as little as $25 from cincinnati to minne
. >>> and we turn now to the economy. this is the end of the road for 1.3 million americans receiving unemployment benefits. tomorrow, they will lose those benefits because that's when the emergency program approved by congress during the recession runs out. ending benefits after 26 weeks. critics argue this is going to hurt the economy. others say, with the unemployment rate falling, it is time to scale back benefits. >>> from pain on main street to gains on wall street. the...
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Aug 30, 2013
08/13
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economy or other. >> and can this group target u.s. financial institutions, banks? >> soft targets. they could shut down access to some sites. >> brian ross, thank you so much. >>> the other big story. the landmark settlement in pro football. the nfl agreeing to pay out nearly $800 million to players who may be suffering from brain injuries after careers filled with hard hits like that. "gma weekend" anchor dan harris talked to someone in the league. >> reporter: there's more shoes to drop in this case. a judge needs to approve the settlement before it takes effect. meanwhile, a massive reaction all over the sports world. at the heart of this case, are players like jim mcmahon. the flamboyant quarterback that led the chicago bears to the super bowl in 1986. this is jim mcmahon today. he's in his mid-50s and he's got early-stage dementia. overnight, we spoke exclusively with him and his attorney. >> i went through two strikes during my career. and i was hoping my medical bills would be paid for. hopefully, now, they will be. >> i'm delighted with the settlement. it's a tremendous sol
economy or other. >> and can this group target u.s. financial institutions, banks? >> soft targets. they could shut down access to some sites. >> brian ross, thank you so much. >>> the other big story. the landmark settlement in pro football. the nfl agreeing to pay out nearly $800 million to players who may be suffering from brain injuries after careers filled with hard hits like that. "gma weekend" anchor dan harris talked to someone in the league....
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Jun 12, 2013
06/13
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you feel like you have the power of the entire economy right there in your hands. >> hopefully, we gain some points. >> you don't want it to be on a bad day. gilles, thanks for coming back. "switched at birth," mondays at 8:00, 7:00 central. >>> let's show you what's going on outside your doors or your world, as you step outside. one or two pictures, you have sent us. a malibu picture that we absolutely love. and by the way, okay, arkadelphia. some of the storms are going to get powerful over the next couple of days. the term derecho will be coming out. that's the weather around the nation. >>> good morning. i'm mike nicco. check out the sunshine everywhere, even the the coast, but the breeze will keep you in your 60s today, mid-60s to mid-70s around the bay, mid-70s to low 80s >> it is lovely outside, isn't it? >> he's wonderful. >>> i had to come out and see this wonderful crowd we have here with us, just like you said, as advertised. >> it is the best. it only gets better when the days are great. all of that weather was brought to you by bush beans. the weather is what brought robin
you feel like you have the power of the entire economy right there in your hands. >> hopefully, we gain some points. >> you don't want it to be on a bad day. gilles, thanks for coming back. "switched at birth," mondays at 8:00, 7:00 central. >>> let's show you what's going on outside your doors or your world, as you step outside. one or two pictures, you have sent us. a malibu picture that we absolutely love. and by the way, okay, arkadelphia. some of the storms...
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Aug 27, 2013
08/13
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economy not just the u.s. stock markets began to slide on monday but overnight foreign stock markets and futures. >> you're absolutely right, elizabeth. investors are jittery. you see that this morning. stock markets around the world have been hit. the dow here is already down about 4% so far this month. now, investors are saying, look, with an economy that's just recovering, this is the last thing we need. it may not be able to handle this shock that may be coming out of syria rippling on to our shores. >> also, after secretary kerry's news conference yesterday, crude oil prices hit a five-month high. how is this going to impact oil and gas prices? >> well, so far the tensions in the middle east, elizabeth, have not hit gas prices, but that could soon change. you see oil prices a little bit higher this morning. now, if these tensions could boil over into other parts of the region, iran, iraq, oil-producing countries, that could have a dramatic impact on gas prices. so we're going to watch that closely. >> and
economy not just the u.s. stock markets began to slide on monday but overnight foreign stock markets and futures. >> you're absolutely right, elizabeth. investors are jittery. you see that this morning. stock markets around the world have been hit. the dow here is already down about 4% so far this month. now, investors are saying, look, with an economy that's just recovering, this is the last thing we need. it may not be able to handle this shock that may be coming out of syria rippling...
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Oct 16, 2013
10/13
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democrats and republicans is a recognition that there are ways for us to do this that doesn't damage the economy. >> reporter: speaker of the house john boehner made a last-ditch effort to find a solution. but the move went up in flames. opposed by tea party republicans before the vote was even called. >> make no mistake, the bill the republicans are putting on the floor today is a decision to default. >> reporter: the house failure put the spotlight back on democratic and republican leaders in the senate. reviving a deal that would reopen the government, but only until january 15th. and the risk of default, but only until february 7th. and make no major changes to obama care. the republican demand that led to the shutdown in the first place. the senate deal would set the stage for yet another showdown in just three months. but president obama predicted that next time republicans won't push to the brink. >> the republicans recognizing this was not a good strategy. and seeing a horrible reaction from the american people. i'm pretty sure they're not going to run this play again. >> reporter: as th
democrats and republicans is a recognition that there are ways for us to do this that doesn't damage the economy. >> reporter: speaker of the house john boehner made a last-ditch effort to find a solution. but the move went up in flames. opposed by tea party republicans before the vote was even called. >> make no mistake, the bill the republicans are putting on the floor today is a decision to default. >> reporter: the house failure put the spotlight back on democratic and...
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. >> reporter: her admirers said that she rejuvenated the britain's faltering economy. courage, she had in abundance. in 1982, when argentina invaded the falklands islands she took great britain to war and won. she became baroness thatcher. elder statesman for a party struggling to find a worthy successor. at ronald reagan's funeral, she already had suffered several strokes. today, the trumpet sounds for the iron lady as well. david wright, abc news london. >>> to that escalating on the north korean peninsula. new signs that a north korean missile test may be coming soon. abc's bob woodruff is on the ground in seoul with the latest. good morning, bob. >> reporter: there's so much talk about the last couple of days about a possible missile launch by north korea. even on wednesday. more speculation this morning about a possible nuclear show of force. there's an indication that pyongyang may be planning. in this ongoing provocation, including north korean kim in this ongoing provocation, jong-un practicing shooting, the u.s., south korea, and japan are preparing just in ca
. >> reporter: her admirers said that she rejuvenated the britain's faltering economy. courage, she had in abundance. in 1982, when argentina invaded the falklands islands she took great britain to war and won. she became baroness thatcher. elder statesman for a party struggling to find a worthy successor. at ronald reagan's funeral, she already had suffered several strokes. today, the trumpet sounds for the iron lady as well. david wright, abc news london. >>> to that escalating...
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Apr 11, 2013
04/13
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wall street insiders say it's thanks forgot federal reserve policy of pumping cheap money into the economy. it looks like it's going to continue its policy. stork market investors like that because it means low interest rates which makes us turn to stocks for better returns on the money. >> thank you for that. meantime the federal reserve has launched an investigation into one of the worst security breach in years. policy meetings were released to head of schedule to dozens of people including workers at several big banks giving them an early jump on decisions being made. investigators say it appears to have been an accident. >>> a major recall that we learned about overnight. toyota, honda and mazda are recalling 3.5 million vehicles in total because their passenger air bags may not inflate properly. here are the models affected. most of them toyotas and honda. the good news no serious injuries have been reported and to take a closer look at this list of recalled vehicles, log onto "good morning america".com on yahoo!. it is being called the boldest space mission since the trip to the moo
wall street insiders say it's thanks forgot federal reserve policy of pumping cheap money into the economy. it looks like it's going to continue its policy. stork market investors like that because it means low interest rates which makes us turn to stocks for better returns on the money. >> thank you for that. meantime the federal reserve has launched an investigation into one of the worst security breach in years. policy meetings were released to head of schedule to dozens of people...
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some of the positives in the economy. manufacturing is improving. home sales and car sales have both been on fire, those things have been driving the stock market forward. we want to see those jobs come back, that's issue number one. >> rebecca jarvis with good economic news. >> thank you. >>> we're going to turn now to the new warning about acetaminophen, the active ingredient in tylenol and so many other painkillers. the drug can cause a rare but serious rash and blistering. abc senior medical correspondent dr. jennifer ashton joins us now. jen, this is terrifying, if only this is an ingredient we're all very familiar with. what are the symptoms we should be looking for? >> let's break it down. when you hear news like this, very important to ask two questions. is it common? and is it serious? now, to be clear, this is serious. we're talking here about skin reactions, as you said, that present with rash, blistering, a sloughing off of the top layer of skin. how common is it? here are the numbers. in the last 40-plus years, the fda collected 107 cas
some of the positives in the economy. manufacturing is improving. home sales and car sales have both been on fire, those things have been driving the stock market forward. we want to see those jobs come back, that's issue number one. >> rebecca jarvis with good economic news. >> thank you. >>> we're going to turn now to the new warning about acetaminophen, the active ingredient in tylenol and so many other painkillers. the drug can cause a rare but serious rash and...
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Jul 22, 2013
07/13
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he married his longtime love justin economy keita in new york city. mazel. 200 guests came to their reception including ferguson's "modern family" co-stars. julie bowen tweeted "it's official. @jessetyler and @justinmikita. they are mr. and mr. best wedding ever. it's a big step for ferguson's off of screen character but fans hoping for a "modern family" wedding between his character, mitchell and cam, played by the lovable eric stonestreet. >> producers said to be thinking about that. >> i hope so. >> art can imitate life. >> congratulations. >>> indeed, congrats, boys. >>> get ready for the super bad. two of the most iconic heroes from the league of justice team up. at comic-con over the weekend they announced harry cavil will take the role. no word on who will take on batman. >> christian bale said he's out. >> how great would that be to see the two together? >> still awesome. >> yes. >> i know. i love the justice league. >> give us saturday mornings. >> josh. power. >> activate. >> indeed. >>> finally that sweltering heat wave that has swallowed u
he married his longtime love justin economy keita in new york city. mazel. 200 guests came to their reception including ferguson's "modern family" co-stars. julie bowen tweeted "it's official. @jessetyler and @justinmikita. they are mr. and mr. best wedding ever. it's a big step for ferguson's off of screen character but fans hoping for a "modern family" wedding between his character, mitchell and cam, played by the lovable eric stonestreet. >> producers said to...
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Feb 20, 2013
02/13
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sanctions against this economy have crippled the economy here. and just days away, now, from iran returning to the negotiating table over its nuclear program. and as you point out, in a very rare move, they've allowed us in to report from the streets of tehran. this is a tenuous time here, just days before iran returns to the nuclear negotiating table with the u.s. and others, since talks collapsed eight months ago. this morning, as we drove through this city of 12 million, it is a city squeezed, not only by the traffic, but by the ever-tightening economic sanctions, led by the u.s. some of the cars clogging these streets, tripling in price. it's groceries, medicine, if you're lucky enough to find it. and as headed into the subway, it is a proud republic, where the roles of men and women are still well defined. and the front car says women-only right here. many say the currency is in a free-fall. losing 80% of its value just in the last year. and there's fears among many here that the economy is heading towards collapse. but will the sanctions wo
sanctions against this economy have crippled the economy here. and just days away, now, from iran returning to the negotiating table over its nuclear program. and as you point out, in a very rare move, they've allowed us in to report from the streets of tehran. this is a tenuous time here, just days before iran returns to the nuclear negotiating table with the u.s. and others, since talks collapsed eight months ago. this morning, as we drove through this city of 12 million, it is a city...
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Apr 24, 2013
04/13
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and apparently, you can blame the improving economy. you darn economy. >>> and finally, this is -- this is -- a warning to business owners who want to run free promotions tied to their favorite sports teams. be very careful, people. you see, larosa's pizza in cincinnati. they weren't sure how good the reds would be. they promised a free pizza to each ticket holder any time the reds struck out 11 opposing players. three weeks into the season, the reds' pitching staff has been unreal. record number of strikeouts. it's like this is happening every other day. la rosa has now handed out some $100,000 in free pizza. so far. the season doesn't end until october. >> oh, now, i'm worried for la rosa's. >> we're all worried for la rosa's. >> the reds, on the other hand, that's all they needed was a little pizza. >> i don't know. the economy's improving. >> you have to love he's keeping his word, too. >> there you go. >>> indeed. good morning, everybody. we begin with some movie news. you loved him in the spandex, those losers who peppered each ot
and apparently, you can blame the improving economy. you darn economy. >>> and finally, this is -- this is -- a warning to business owners who want to run free promotions tied to their favorite sports teams. be very careful, people. you see, larosa's pizza in cincinnati. they weren't sure how good the reds would be. they promised a free pizza to each ticket holder any time the reds struck out 11 opposing players. three weeks into the season, the reds' pitching staff has been unreal....
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Jun 24, 2013
06/13
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the dow plunged more than 240 points on concerns over china's economy. it's since rebounded. we'll track it throughout the day at abcnews.com. >>> millions of starbucks customers, you might want to get ready to pay just a bit more on your favorite drink. starting tomorrow, the company is set to hike prices on popular beverages about 1%. so that's about a dime on a small coffee but still, you know -- >> a dime is a dime. >> a dime is a dime is a dime. who are we kidding? >>> finally the way we drink them it's like 1.50. so who are we kidding? >>> the latest twist in the fast food wars. it's a beefy new weapon from the wendy's arsenal. it is your pretzel bacon cheeseburger. >> oh. >> premium burger, cheddar cheese sauce. >> sauce? why can't it just be cheese? >> i don't know. thick-sliced bacon. other fixin's. it's the toasted pretzel bun i want to draw your attention to. >> those are pretty great. >> i'm into the pretzel bun. >> now i'll pour water on it because it's almost 700 calories. >> i love how you say other fixin's. what else is there? >> cheese sauce. >> thanks. thank
the dow plunged more than 240 points on concerns over china's economy. it's since rebounded. we'll track it throughout the day at abcnews.com. >>> millions of starbucks customers, you might want to get ready to pay just a bit more on your favorite drink. starting tomorrow, the company is set to hike prices on popular beverages about 1%. so that's about a dime on a small coffee but still, you know -- >> a dime is a dime. >> a dime is a dime is a dime. who are we kidding?...
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Jul 30, 2013
07/13
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if we fix it here, restore the foundations of our economy, we'll have the capacity over the coming decades, to deal with all of the challenges in the world. if, however, we don't get it right, and restore traditional levels of economic growth, we will not have the resources we need to lead in the world. we will not be able to set an example to the world. >> and you lay out an ambitious agenda. more in education, no infrastructure. roads and bridges and mass transit. and we also have to deal with our debt, the same kinds of things talked about in washington every, single day. but it seems like the system is broken. >> national security has two sides. domestic policy and the foreign policy. you have to address both sides. and you raised the question. the ideas are out there. the president is giving a big speech on infrastructure and jobs. the real question is, can american politics work? can washington work? i hope so because the alternative is we wake up one day, there's a terrible crisis. and the world gets tired of supporting american debt. and then, we're going to be faced with the same
if we fix it here, restore the foundations of our economy, we'll have the capacity over the coming decades, to deal with all of the challenges in the world. if, however, we don't get it right, and restore traditional levels of economic growth, we will not have the resources we need to lead in the world. we will not be able to set an example to the world. >> and you lay out an ambitious agenda. more in education, no infrastructure. roads and bridges and mass transit. and we also have to...
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. >> when women participate in the economy, everyone benefits, and when women participate in peacekeeping and peacemaking, we are all safer and more secure. >> reporter: clinton avoided politics in her speech but there on stage her potential 2016 democratic rival all charm. >> there's no woman like hillary clinton. [ applause ] >> that's a fact. >> reporter: the vice president biden and i have worked together on so many important issues. >> reporter: outside a group of supporters already rallying their support for the possibility of a clinton 2016 ticket. >> i think she'll run and she's got to save the country, right? >> reporter: in hypothetical matchups with republican contenders marco rubio, jeb bush and chris christie, right now hillary clinton is the clear favorite. >> no other candidate maybe in the history of presidential politics will be as prepared as she is with a fully formed network of people. >> reporter: clinton has told friends, family and the media that she plans to take a break and recuperate before thinking about her political future. >> i'm going to be focusing on my ph
. >> when women participate in the economy, everyone benefits, and when women participate in peacekeeping and peacemaking, we are all safer and more secure. >> reporter: clinton avoided politics in her speech but there on stage her potential 2016 democratic rival all charm. >> there's no woman like hillary clinton. [ applause ] >> that's a fact. >> reporter: the vice president biden and i have worked together on so many important issues. >> reporter: outside...
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Feb 12, 2013
02/13
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rubio's message will also be about the economy. he's leading the charge for republicans on immigration. that will be mentioned in the speech. but again, his challenge will be to the president saying, we need a smaller government, maybe a more efficient government. but a smaller government. >> and there will be a separate tea party response from senator rand paul. diane sawyer and i will anchor the coverage of the state of the union at 9:00 p.m. eastern, 6:00 pacific. >> should be an interesting night, george. >>> we're going to turn to the vacation nightmare. the carnival cruise ship that has been stranded in the gulf of mexico. instead of trying to go to mexico, the ship trying to get to a port now in mobile, alabama. matt gutman has the latest on the story. >> reporter: for the thousands of people aboard, another day aboard a cruise ship where life is not a vacation. the decision overnight to tow the crippled "triumph," seen in these new photos, to alabama, could be making a brutal voyage even worse. and for the first time, we ar
rubio's message will also be about the economy. he's leading the charge for republicans on immigration. that will be mentioned in the speech. but again, his challenge will be to the president saying, we need a smaller government, maybe a more efficient government. but a smaller government. >> and there will be a separate tea party response from senator rand paul. diane sawyer and i will anchor the coverage of the state of the union at 9:00 p.m. eastern, 6:00 pacific. >> should be an...
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Feb 13, 2013
02/13
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we should have a real plan to grow our economy. we should have a real plan for tax reform. all these deserve an up-or-down vote, as well. now, as we said last night, we were all heartbroken and we were all sympathetic on what happened in connecticut. we need to prevent that from happening again. unfortunately, all of these things the president is proposing, none of them would have prevented what happened in connecticut. i think we need to look at the real root causes of violence in america. >> on the issue of immigration. the president said he wanted a responsible pathway to earn citizenship. you signed on to bipartisan principles that also call for a path to citizenship. but you didn't repeat it last night. do you still share that goal? >> i'm part of that work group. we laid out our principles. and i remain committed to those principles. ultimately, it's not good for america, to have 11 million people who never have a chance to become fully invested in the american dream. there has to be a process to get there. they have to have a work permit first. they have to earn the
we should have a real plan to grow our economy. we should have a real plan for tax reform. all these deserve an up-or-down vote, as well. now, as we said last night, we were all heartbroken and we were all sympathetic on what happened in connecticut. we need to prevent that from happening again. unfortunately, all of these things the president is proposing, none of them would have prevented what happened in connecticut. i think we need to look at the real root causes of violence in america....
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Jan 25, 2013
01/13
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and the new year is starting off with encouraging news on the economy. jobless numbers getting better every single week. the stock market is on a roll. it could end on a record high. that would be good for everyone's 401(k). >>> look at this. it's the x-ray of a 19-month-old with a pencil that pierced her eye and lodged in her brain. she's fine. it's amazing. it missed her important parts. there she is after. postpencil. >> the doctors did an amazing job. >>> and we are so excited to share some pictures with you. you may have heard. robin was with us on set all morning long. there i am passing the purell to her. making everything germ-free. >> it was good to see that smile all morning long. it's fantastic. >>> let's get straight to the developing story on the weather. 18 states, now under winter weather advisories for snow and ice. here's abc's ginger zee. >> good morning, guys. this is what people are waking up to in parts of tennessee. this is a hood of a car. this is all-ice. a quarter-inch of ice. i'm going to show you what's happ happening. some of
and the new year is starting off with encouraging news on the economy. jobless numbers getting better every single week. the stock market is on a roll. it could end on a record high. that would be good for everyone's 401(k). >>> look at this. it's the x-ray of a 19-month-old with a pencil that pierced her eye and lodged in her brain. she's fine. it's amazing. it missed her important parts. there she is after. postpencil. >> the doctors did an amazing job. >>> and we are...
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some experts are saying this could really boost the economy. >> the why is not so great. the economy is not doing that well. jobs are struggling. and ql"=1:u government shutdown. people have been kind of pulling back and that means gas prices have been going down. if they stay low enough, that could be the trigger to get into their cars, and into the malls. >> just in time for the holiday shopping. all right, betty, thank you so much. >>> new troubles on the obama care front. internal administration memos revealing for the first time that extensiveç hurdles for signing up for insurance are not limited to the website. abc's jonathan karl has more from washington. good morning, jon. >> reporter: the white house said repeatedly that people canç bypass the problems on the website by sending an application over the mail or on a hotline. turns out that is not the easy fix that the white house suggested it 0 would be. president obama has repea( reassured frustrated consumers that they could easily bypass crash after crash on healthcare.gov by enrolling in other ways. >> in th
some experts are saying this could really boost the economy. >> the why is not so great. the economy is not doing that well. jobs are struggling. and ql"=1:u government shutdown. people have been kind of pulling back and that means gas prices have been going down. if they stay low enough, that could be the trigger to get into their cars, and into the malls. >> just in time for the holiday shopping. all right, betty, thank you so much. >>> new troubles on the obama care...
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Aug 21, 2013
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the federal reserve says, we may actually take the training wheels off this economy. well, pull back on stimulus, and that's causing interest rates to rise. we're going to get a better idea of how the fed is thinking. because later today, they're going to release the transcript of their last policy meeting. don't panic yet, right? i mean, the interest rates are still historically low. the demand is so high, that economists are saying any slowdown is likely to be temporary. >> okay, betty liu, thanks very much. >>> now, some bold claims about a new car. the upstart company, tesla, says it's model s is the safest car in history, outperforming all others ever tested by the government. the company even claims the car's so strong, it broke the testing machine. and abc's david kerley has the story. >> reporter: the tesla, all-electric, sleek and more than 60 grand. it's a car that's been turning heads. but this morning, headlines for another reason for tesla's s model. the company is boasting that not only did it pass the crash test, it's proved to be the safest car ever te
the federal reserve says, we may actually take the training wheels off this economy. well, pull back on stimulus, and that's causing interest rates to rise. we're going to get a better idea of how the fed is thinking. because later today, they're going to release the transcript of their last policy meeting. don't panic yet, right? i mean, the interest rates are still historically low. the demand is so high, that economists are saying any slowdown is likely to be temporary. >> okay, betty...
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Sep 20, 2013
09/13
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. >>> now, to a big headline on the economy and your money. new numbers out reveal the housing market is booming. home sales, soaring. more people are rushing to buy right now. abc's rebecca jarvis is here now, with what's pushing home sales. >> hi, robin. there were a handful of things that are pushing this. it is a housing feeding frenzy. buyers racing to get homes before mortgage rates, that's a big one. before mortgage rates tick any higher. home sales are at their highest level since 2007. we're hearing that the houses that are sitting on the market are sitting there for less than 24 hours with the pace of existing home sales up 13.2% from last year. the biggest thing spurring this surge are mortgage rates. this morning, the 30-year fixed rate mortgage is 4.4%. that's a full percent higher than where rates were in may. some people could have gotten some people couldn't have gotten a mortgage in may for 3 .4%. >> it's creeping up a little bit here. that means bigger house payments. what is the difference we're talking about here? >> it's s
. >>> now, to a big headline on the economy and your money. new numbers out reveal the housing market is booming. home sales, soaring. more people are rushing to buy right now. abc's rebecca jarvis is here now, with what's pushing home sales. >> hi, robin. there were a handful of things that are pushing this. it is a housing feeding frenzy. buyers racing to get homes before mortgage rates, that's a big one. before mortgage rates tick any higher. home sales are at their highest...
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Apr 22, 2013
04/13
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. >>> we turn to our economy and some relief for drives. experts are predicting that gas prices could drop another 20 corrects by memorial day because of slumping oil prices and lower demand. prices have dropped 18 cents in the last month. >>> final preparations being made for thef resident 'sibrary. abc news had the first interview with george and laura bush. diane sawyer's interview will air wednesday night and thursday morning. the elder president bush plans to attend thursday's dedication. take a look at this. despite his former health problems, that is a healthy president. he helped to introduce the houston texans to their new cheerleaders. he had patriotic sox. can we get look at those. the former president, all smiles as he presented each one of the ladies with a rose. >> there's the socks. thank you, josh. >>> oh, you're back. and "pop news." >> so happy to be back. another great story of, trash to treasure. over the weekend, man bought a used hard-cover book for $3.50 on amazon.com. he opened the book, found an instripgs from the a
. >>> we turn to our economy and some relief for drives. experts are predicting that gas prices could drop another 20 corrects by memorial day because of slumping oil prices and lower demand. prices have dropped 18 cents in the last month. >>> final preparations being made for thef resident 'sibrary. abc news had the first interview with george and laura bush. diane sawyer's interview will air wednesday night and thursday morning. the elder president bush plans to attend...
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we will have updates as news becomes available. >>> now to the economy, the labor department has just reported that 204,000 jobs were created last month. that was better than expected. that comes despite the government shutdown. the unemployment rate rose slightly 7.3% largely because some of the government workers who were furloughed were counted as unemployed. the good news about the jobs this morning could end up being bad news for wall street. it might prompt them to scale back the federal stimulus program to keep interest rates low. >>> >>> an ohio man, recovering from a freak accident today. a propane tank fell from his forklift. and he accidentally ran over it. you will see, it ignites that fireball there. just missed that passing car. with smoke still coming from his body, he did manage to escape. thankfully, the man not seriously hurt. >>> and a wild scene near dallas. take a look. people enjoying lunch. at a pizza shop until the car, yeah, comes through the wall. elderly driver behind the wheel. is okay. fortunately, everyone got out of the way in time. >>> and police in chi
we will have updates as news becomes available. >>> now to the economy, the labor department has just reported that 204,000 jobs were created last month. that was better than expected. that comes despite the government shutdown. the unemployment rate rose slightly 7.3% largely because some of the government workers who were furloughed were counted as unemployed. the good news about the jobs this morning could end up being bad news for wall street. it might prompt them to scale back the...
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Jan 21, 2013
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the president still faces a slow-growing economy and high unemployment. but there are signs things are turning around. real estate is starting to rebound. and the dow recently hit a five-year high. >> we are poised for a good year. if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> reporter: and now, the man who ran the president's re-election campaign is hoping to reform it into a grassroots army to support the president's agenda for a second term. >> we have hundreds of thousands of neighborhood team members and leaders in every state of the union. we're going to work across party lines to get some things done. >> reporter: four years ago, the president promised to rise above partisan politics. >> on this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and wornout dogmas that strangle our policies. >> reporter: it was a promise unfulfilled, as washington became more divided. this time around, he's going to try to directly appea
the president still faces a slow-growing economy and high unemployment. but there are signs things are turning around. real estate is starting to rebound. and the dow recently hit a five-year high. >> we are poised for a good year. if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> reporter: and now, the man who ran the president's re-election campaign is hoping to reform it into a grassroots army to...
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. >>> and troubling statements about the economy. the federal reserve is keeping its economic stimulus program in place for now. that means, printing more money to keep interest rates low. because it says the housing recovery is now starting to slow down, jobs are still not being created quickly enough. however, the fed is not saying just how long the stimulus will last. that uncertainty could hurt stocks on wall street today. >>> speaking of, a rollercoaster ride for facebook. its stocks soared after the company reported big profits. then, sank after the company revealed a drop in the number of teenagers using the site. >>> and a police officer in milwaukee survived this chase. you're going to see, it came to a terrifying end. the suspect, he was pursuing, as you see here, lost control, struck a wall and then -- crashed into the officer's windshield. police say the suspect was drunk, driving more than 100 miles per hour. he had been driving own the wrong side of the road at one point. however, that officer will be okay. >>> and fina
. >>> and troubling statements about the economy. the federal reserve is keeping its economic stimulus program in place for now. that means, printing more money to keep interest rates low. because it says the housing recovery is now starting to slow down, jobs are still not being created quickly enough. however, the fed is not saying just how long the stimulus will last. that uncertainty could hurt stocks on wall street today. >>> speaking of, a rollercoaster ride for...
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Oct 30, 2013
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rates low, hoping that that spurs people to spend more on things like cars and appliances, because the economy is growing. but it's growing too slowly. now, the recent government shutdown, that slowed things down a bit more. the question is, will the federal reserve and its new incoming chairman, janet yellen, give us any clues about when the stimulus program may be scaled back because, josh, everyone on wall street thinks that's the primary driver of stocks continuing to climb. any clue we get today is going to move markets. >> we will be looking for clues. rebecca, thank you for that. >>> also, breaking news now. chinese authorities have arrested five people in connection with the explosion you see here. it was at beijing's tiananmen square on monday. a jeep crashed into a fwat. it burst into flames, killing five people in the process. china has called this an act of terror. >>> and the head of u.s. intelligence gathering says america routinely spies on government leaders, even its allies. facing criticism on capitol hill, james clapper told congress the practice is, in fact, common and, in
rates low, hoping that that spurs people to spend more on things like cars and appliances, because the economy is growing. but it's growing too slowly. now, the recent government shutdown, that slowed things down a bit more. the question is, will the federal reserve and its new incoming chairman, janet yellen, give us any clues about when the stimulus program may be scaled back because, josh, everyone on wall street thinks that's the primary driver of stocks continuing to climb. any clue we get...
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Jan 24, 2013
01/13
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he says the economy is rebounding and is expected to lay out an ambitious and optimistic agenda. well carry the speech live on abc7 and stream it live on abc7news.com starting at 9:00. right now, mike has the forecast. >> the system to the south of live doppler 7 hd is starting to unwind. that mean we will have clouds and upper 30's to low 60's before the next chan of storms later this afternoon. after that, we get a break tomorrow. sue? >> heavy traffic. we have an early accident off on the shoulder but it is slow moving past lucas valley road and north 221, 25 minutes late and martinez is ten minutes late and there are ♪ i'm a survivor [ cheers and applause ] >>> all the people braving the cold out in times square this morning. a lot of hats, a lot of scarves, a lot of gloves and a lot of smiles out in times square. robin and josh is off. sam on assignment. great to have amy robach and bill weir from "nightline." there's sam down in discovery cove in seaworld. you're hearing "survivor" from by destiny's child. we're going to talk live to michelle williams, about the whole lip
he says the economy is rebounding and is expected to lay out an ambitious and optimistic agenda. well carry the speech live on abc7 and stream it live on abc7news.com starting at 9:00. right now, mike has the forecast. >> the system to the south of live doppler 7 hd is starting to unwind. that mean we will have clouds and upper 30's to low 60's before the next chan of storms later this afternoon. after that, we get a break tomorrow. sue? >> heavy traffic. we have an early accident...
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Dec 19, 2013
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analysts say that is a big vote of confidence in the economy. and the fed is predicting unemployment will drop from 7% to 6.3% in the next year. >>> well, this morning, a former firefighter is under arrest, charged with deliberately setting this wildfire in northern california that killed one man and destroyed nearly 70 homes back in september. zane peterson has pleaded not guilty to murder and arson. he is accused of starting six other fires, as well. no word on a possible motive. >>> and one of the world's top wine collectors has been convicted of running a fake wine factory in california. a scheme that drove up prices around the globe. prosecutors say he duped wealthy connoisseurs in paying more than $5,000 a bottle for counterfeit wine to finance his life of luxurious. using rare labels and old bottles. he faces 40 years in prison. >>> forget dating websites. one guy in florida is going back to the basics. he placed an ad on his bmw and his hummer, that say, looking for wife. followed by his phone number. he says he gets about 15 calls a day
analysts say that is a big vote of confidence in the economy. and the fed is predicting unemployment will drop from 7% to 6.3% in the next year. >>> well, this morning, a former firefighter is under arrest, charged with deliberately setting this wildfire in northern california that killed one man and destroyed nearly 70 homes back in september. zane peterson has pleaded not guilty to murder and arson. he is accused of starting six other fires, as well. no word on a possible motive....
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Oct 29, 2013
10/13
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. >>> it's such a really big deal to sell a car in this tough economy. if you were a car salesman, and you did, you might celebrate with a high-five. you might do a fist-pump. but joseph, the manager of eastern shore hyundai in alabama, takes it a step further. and thankfully, someone caught it on their iphone. >> whoa. >> that is amazing. >> he's got some moves. >> he really does. >> very old-school. congrats on selling the car. and thank you for giving us a smile on this tuesday. >> wow. >> he's going to now. >>> back to ginger zee, seaside heights, new jersey. first anniversary of superstorm sandy. ginger's out there this morning. looks a little chilly, ginger. >> yeah. it's a little chilly. a little breezy. but it's going to be a nice day. this is such a great reminder that disasters do not take weeks, months but years to recover from. construction ongoing. houses like the ones behind me that need to be tore down still. and just a block away, the blue house is essentially brand-new. a whole lot going on in the new jersey shore. we want to get to the
. >>> it's such a really big deal to sell a car in this tough economy. if you were a car salesman, and you did, you might celebrate with a high-five. you might do a fist-pump. but joseph, the manager of eastern shore hyundai in alabama, takes it a step further. and thankfully, someone caught it on their iphone. >> whoa. >> that is amazing. >> he's got some moves. >> he really does. >> very old-school. congrats on selling the car. and thank you for giving...
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Dec 20, 2013
12/13
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. >>> and the economy grew. thanks in part by consumer spending. and warren buffett made on average $37 million a day this year. yes, that's about 1.5 million dollars for every hour. and a school field trip would have ended in disaster if not for two teachers. the driver fell out of the seat and one driver grabbed the wheel while the driver was still in the way. another teacher jumped over him and slammed on the brakes. thankfully no one was hurt. >>> and finally, if you like chicken wings -- >> who doesn't? >> -- there's a huge supply of them out there for you. it appears that mcdonald's may have overestimated the demand for wings during its fall promotion. the company has some 10 million pounds of wings leftover. >> i didn't know they had them. >> just sitting in freezers. as robin says, i didn't know they had them. that may speak to the issue. they have plenty of them still. >> give them to charity. >> yeah. >> food for thought. >>> we're going to turn to the big win for ryan o'neal. a los angeles court has decided that he is the owner of this m
. >>> and the economy grew. thanks in part by consumer spending. and warren buffett made on average $37 million a day this year. yes, that's about 1.5 million dollars for every hour. and a school field trip would have ended in disaster if not for two teachers. the driver fell out of the seat and one driver grabbed the wheel while the driver was still in the way. another teacher jumped over him and slammed on the brakes. thankfully no one was hurt. >>> and finally, if you like...
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Jun 19, 2013
06/13
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reserve will keep interest rates at record low levels, a move many analysts say is needed to keep the economy growing. the decision will be announced by chairman ben bernanke this afternoon. there's already evidence that the recent spike in mortgage rates is hurting the housing market. >>> and after defying the government regulators, chrysler now says it will recall some older model jeeps with gas tanks that can rupture and cause fires in rear-end crashes. but it's recalling only about half of the nearly 3 million jeeps the government wanted repaired. and as a fix, the company is offering to install trailer hitches to absorb the impact of a crash. now recalled models include the 1993 to 1998 jeep grand cherokee and jeep liberty from 2002 to 2007. >>> and finally, not sure if yogi berra played basketball. but we feel pretty good about quoting him this morning. spurs/heat last night proved, it ain't over until it's over. >> game over! there will be a game seven! >> reporter: it was simply epic. the defending champion miami heat held off the san antonio spurs, 103-100, in game six of the nba fin
reserve will keep interest rates at record low levels, a move many analysts say is needed to keep the economy growing. the decision will be announced by chairman ben bernanke this afternoon. there's already evidence that the recent spike in mortgage rates is hurting the housing market. >>> and after defying the government regulators, chrysler now says it will recall some older model jeeps with gas tanks that can rupture and cause fires in rear-end crashes. but it's recalling only about...
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Jul 12, 2013
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he keeps stimulating the economy. and that's helping the stock market. >> that fed help is actually helping to keep mortgage rates low. but a two-year high for mortgage rates. already your payment is so different from six months ago. what do you do? >> that's right, it's been a big concern for homeowners. they've seen interest rates go up by 1%. a 1% increase can make the cost of a house 10% more expensive. and so, if you're looking to buy a home, you're looking to refinance, you better get it now because those rates are likely to continue to increase. >> and you're going to follow that headline about gas prices for us, too. up possibly 20 cents in the last 2 weeks. >> that's right. >> betty liu, thanks for being with us. >> great to have you with us, betty. >> thank you. >>> now, to the latest on deadly crash 214 in san francisco. a fire erupted as crews trying to remove parts of the plane from the runway. the blaze is under control. and abc's david kerley has that story. >> reporter: a stark and stunning picture. th
he keeps stimulating the economy. and that's helping the stock market. >> that fed help is actually helping to keep mortgage rates low. but a two-year high for mortgage rates. already your payment is so different from six months ago. what do you do? >> that's right, it's been a big concern for homeowners. they've seen interest rates go up by 1%. a 1% increase can make the cost of a house 10% more expensive. and so, if you're looking to buy a home, you're looking to refinance, you...
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. >>> and five years after the financial crisis sank the economy, the wall street credit agenesis may finally have to face the music. the justice department is suing standard & poor's, saying the agency ignored its own standards and gave its blessings for the toxic securities. s&p says it's being unfairly punished. >>> and a horrifying attack at the circus. american trainer alexander crispin. performing in front of a crowd. one of the tigers attacks him. crispin, just 35 years old, would later die from neck injuries. >>> and a big scare at a construction site in boston. a worker fell, plummeting 30 feet from that building. not, however, seriously hurt. he landed, however miraculously, on a pile of bubble wrap, the material being used to cover the scaffolding. >> what a sound that made. >> it likely saved his life. and please, don't try that at home. >>> finally, you might want to try this at home. a very lucky fishing trip for a couple from arkansas. on the way out of town, stephen weaver and his wife bought a lottery scratch ticket. it was a winner. a big one. $1 million big. so, on
. >>> and five years after the financial crisis sank the economy, the wall street credit agenesis may finally have to face the music. the justice department is suing standard & poor's, saying the agency ignored its own standards and gave its blessings for the toxic securities. s&p says it's being unfairly punished. >>> and a horrifying attack at the circus. american trainer alexander crispin. performing in front of a crowd. one of the tigers attacks him. crispin, just...